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HDFC Bank Newly Added Payee

HDFC bank has a certain time lag before a new newly added payee can be activated. This is probably to make sure that the owner gets an alert if someone is try to do some trick with an individual or hack his account. The alerts for new payee being added are sent through registered email id and mobile.

In HDFC bank the newly added beneficiary will be activated after 30 minutes of adding.

After adding the beneficiary, the amounts that can be transferred are

1) NEFT :- Maximum of Rs. 50,000 can be transferred for the 1st 24 hours, and Rs. 100,000 can be transferred for the first 48 hours.

2) IMPS :- Rs 10k in first 24 hours and Rs 25k in first 48 hours.After this cooling period,the Third Party Transfer limits will apply.

An added beneficiary to whom no funds are transferred for more than 24 months, is treated as a new beneficiary in all respects.

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